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Sacco savings hit trillion shillings amid government reforms

Saccos are built on affordability and accountability. [Courtesy]

At least 14 million Kenyans have saved over one trillion shillings in Savings and Credit Cooperative Societies (Saccos), according to Co-operatives and Micro, Small and Medium Enterprises (MSMEs) Development Cabinet Secretary Simon Chelugui.

The CS said Saccos have a consolidated asset base of at least Sh1.5 trillion and a loan portfolio of Sh900 billion.

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